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One Big Beautiful Bill Act impact analyzed
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One Big Beautiful Bill Act impact analyzed

The gist

Trump signed the One Big Beautiful Bill Act into law on July 4, 2025.
Its tax cuts and aid cuts now collide with the midterms.

How it unfolded

  1. Jul 1, 2025Georgia Sen. Jon Ossoff voted against the One Big Beautiful Bill Act (roll call vote #372).
  2. Jul 4, 2025President Trump signed H.R. 1, the One Big Beautiful Bill Act, into law.
  3. Sep 17, 2026CNBC reported that as of May 8 the average refund for individual returns was $3,276 for the 2026 filing season, up 11.5% from roughly the same point last year, per IRS data. Treasury Secretary Scott Bessent said more than 64 million tax returns claimed at least one of Trump's signature new tax cuts.

Sources

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